Investors use the Robinhood Trading App to invest heavily in the Video Game Store gamestop. This hearing is entitled game stopped, who wins and loses when short sellers, social media and retail investorS Collide, part 3. I now recognize myself for four minutes to give an opening statement. Today, thiS Committee convenes in part three of our series of hearings focused on Market Volatility related to gamestop and other stops. In our first hearing on those events, we received testimony from the ceos of Trading App robinhood, Wall Street Firm Citadel And Melvin capital and social Media Company Reddit as well as a trader involved in the Wall Street bets sub reddit. Those involved in the short Squeeze And Volatility and we got the facts. In our second hearing we received testimony from a number of Capital Market experts and investor advocates to hear their views and begin to assess possible legislative and regulatory steps that may be necessary. We examined con flits of interest in the marke
Been a civil officer of the United States and ever tried a president of the United States after hes left officer . No. And no. [laughter] the answer is emphatically not. The text of the constitution to me is absolutely clear that judgment and cases of impeachment runs to what removal and possible disqualification. And so a former officer by definition cant be remostmoved thats the text. The text is supported by our constitutional history. The only president in history to have resigned is Richard Nixon and i think is all your viewers know either from history or living through it that president nixon upon resignation flew to san clemente california and that was it. The House Of Representatives which was considering articles of impeachment then stop the proceeding. The third if i may just say a wording the fact that the impeachment of trump now the second time, occurred when he was the president of the United States. One week before he didnt resign. Before his term came to an end and acco
The chair is authorized to declare a recess at any t time i now recognize myself for an Opening Statement. Good morning todays hearing will focus on the f35 joint Strike Fighter a highly technical Stealth Fighter that is the pentagons largest and most costly acquisition programs in cf 35 Program Began more than 20 years ago the department of defense more than 350 billion onts Development Total cost to sustain the program is estimated at more than 1 trillion. Unfortunately this program is plagued by challenges including major problems with maintenance of the aircraft. This hearing will address the many, time and manpower the military is forceded to spend for spare parts from Lockheed Martin. Juneck 2019 the dod Inspector General found over a threeyear period more than 15000 spare parts for the f35 lacked dialogue that maintains Important Information of the spare parts. 2020 Committee Staff from the majority and minority visited multiple military bases and interviewed personnel who maint
I am pleased that it is one we can work in a bipartisan manner. I believe we all want a Strong Military and a strong private sector and a strong government that is wisely tracking taxpayers money and spending it efficiently for the purposes that it was meant for. I look forward to working with the Ranking Member in the future and i am so pleased he is with us here today. Without objection the chair is authorized to declare a recess of the committee at any time and i now recognize myself for an Opening Statement. Good morning. Todays hearing will focus on the f35 joint strike fighter. A highly technical stuff fighter that the pentagon largest and most costly acquisition program. Since the 35 Program Began more than 20 years ago the department of defense has spent more than 350 billion on its development. Total cost to sustain the program are estimated at more than 1 trillion. Unfortunately, this expensive program has been plagued by challenges for years, including major problems with ma
Next, Defense Department officials testified at a House Oversight hearing on the f 35 joint star fighter jet program. They were asked about maintenance issues and concerns that prime contractor Lockheed Martin provided defective spare parts and Outdated Technology systems for the aircraft. And generalsident manager of the f35 program at Lockheed Martin corporation also joined the hearing remotely to answer questions from lawmakers. The committee will come to order. Like to all, i would congratulate Ranking Member komar. This is his First Full Committee Hearing as a ranking i believe we are want a strong private military, strong private sector that is widely tracking taxpayers money and spending it efficiently for the purposes that it was meant for. I look forward to working with the Ranking Member in the future and i am so pleased that he is with us here today. Without objection, the chair is authorized to declare recess of the committee at any time, and i now recognize myself for open